Four general equilibrium search models are compared quantitatively. The baseline framework is a calibrated … unemployment insurance, partly because search externalities magnify the effects of wage changes. The optimal level of unemployment … insurance depends strongly on whether raising benefits has a larger impact on search effort or on hiring expenditure. …

with search-matching frictions and on-the-job learning-by-doing. The model shows that societies populated by identical … the unemployment insurance and the optimal search behavior of the unemployed gives rise to a self-reinforcing mechanism …

. Sanctions introduced in the second round by the experimenter lead to more optimistic beliefs and higher efforts. This is not … true when sanctions have been imposed by the principal. The possibility that the choice of a sanction is a signal of low …

This paper provides a search theoretical model that captures two phenomena that have characterized several episodes of …

We develop an equilibrium search-matching model with risk-neutral agents and two-sided ex-ante heterogeneity …

wage posting models while exogenizing search e¤ort, therefore allowing more insight into policy issues. The results …

This paper advances a highly tractable model with search theoretic foundations for money and neoclassical growth. In …